Vol. 11 No. 4 (2022)
Full Research Articles

The local economic impact of climate change mitigation in agriculture

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  • Cathal Geoghegan,
  • Cathal O'Donoghue,
  • Jason Loughrey
Cathal Geoghegan
National University of Ireland, Galway
Cathal O'Donoghue
National University of Ireland, Galway
Jason Loughrey
Teagasc Rural Economy and Development Programme
DOI: https://doi.org/10.36253/bae-13289

Published 2023-05-03

Keywords

  • Greenhouse gas mitigation,
  • Agricultural economics,
  • Input-output modelling,
  • Microsimulation

How to Cite

Geoghegan, C., O’Donoghue, C., & Loughrey, J. (2023). The local economic impact of climate change mitigation in agriculture. Bio-Based and Applied Economics, 11(4), 323–337. https://doi.org/10.36253/bae-13289

Copyright (c) 2022 Cathal Geoghegan, Cathal O'Donoghue, Jason Loughrey

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

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Abstract

Greenhouse gas (GHG) mitigation measures are currently being implemented in the agricultural sector across the globe. Questions have been raised about the distributional and spatial impacts of agricultural emissions mitigation policies, especially at the local level. This study examines the local impact of a low-income farming sector, beef farming, in a typical Irish beef farming county, County Clare. Input-output analysis reveals that Clare beef farmers purchase the vast majority of farm inputs within the county, with intra-county suppliers providing 90% of their inputs and overheads. We examine the impact of reducing the size of the beef herd in Co. Clare as a direct consequence of meeting national GHG emissions targets by 2030. Taking direct, indirect, and induced effects together, there is an €18.4 million reduction in economic activity in 2030 following the decrease in the beef herd with €14.72 million of that reduction taking place within the Mid-West region.

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